Sometimes what you need is a Private Mortgage
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Private Mortgage Financing
Your Benefits:
EXPERTISE
MAJOR CITIES
INCOME OR NO INCOME QUALIFIER
ANY CREDIT TYPE
6 MONTHS TO 2 YEAR TERMS
INTEREST ONLY PAYMENTS
OPEN TERMS AVAILABLE
MIXED USE PROPERTIES
UP TO 90% LTV
USE THE HIGHER OF APPRAISAL OR PURCHASE PRIC
from 5.99%
What Our Clients Have To Say
Jeya P.
“Our 2nd mortgage with you. First time you were amazing. This 2nd time proves your professional and expertise is way ahead of banks and other brokerages. Definite thank you again!”
Carol Ann F.
Victoria BC.
CANADIAN MORTGAGE FINDER 2019
© All mortgages arranged under
Real Mortgage Associates FSCO license 10464
What is Private Mortgage financing?
Private mortgage financing is our 3rd mortgage solution option. Private financing is funded by private investors or MIC’s. The main criteria in private financing is equity and property location. Credit may not be a deciding factor on pricing. Pricing is usually a direct result of market forces and yield investors are seeking.
When is a private mortgage a viable option?
1. Closing must be done quickly. Private financing usually can fund in few days.
2. Location might not be doable by the institutional side. Therefore, a private mortgage is an alternative.
3. Credit is very poor not acceptable to institutional lenders.
4. Difficult to prove income and or income is either missing or difficult to prove.
5. Home type. Property is difficult to finance if it is used as a rooming house.